June 15- Apparel retailer Gap Inc said it would close a quarter of its Gap specialty stores in North America over the next few years, including 140 this year, and cut about 250 jobs at its headquarters. The company also expects to incur one-time costs of $140 million to $160 million, primarily in the current quarter. After the closures, the company will have 500...

June 15- Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. San Francisco- based Gap said it expected annual sales losses of about $300 million due to the closures.

June 15- Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. San Francisco- based Gap said it expected annual sales losses of about $300 million due to the closures.